All Forum Posts by: Ryan Fox

 @Alvin Uy - Do your other business ventures require that you live in California? If not, you might consider selling your primary and moving to a state with no state income tax, like Nevada. Sounds like flipping is one of the things you do really well, and you would save a significant amount of profits over time. The proceeds from the sale of your primary would be in cash form and you wouldn't have to pay HELOC interest to do flips.

I have another suggestion for a company that sells something similar to what PIP Mgmt sells.  Feel free to PM me.   

Hi BP - 

I'm new to investing in KS and was wondering if 66112 is a good area to invest for a long term buy and hold.  It seems to be outside the inner city but I'm still concerned about crime and tenant quality.  

Thanks -

@John Clark - I found one study that showed home values were 11% higher than the national average.  Can't find anything about rents.  I find it hard to believe.

This is a pretty good thread about good / bad areas in KC to use as a starting point:

https://www.biggerpockets.com/forums/48/topics/276800-kansas-city-missouri-zip-codes?page=1

Yesterday, I learned that numerous former Chicago public school district schools on the South side are going to be auctioned off this fall.  The listing agent believes that the most likely bidders will be Chicago "affordable housing" developers.  Apparently, the most likely use of these properties would be new-build construction for affordable housing.  I'm not sure how such an "affordable housing" program works thru the city.  As someone who owns rental properties on the South side, and very near one the properties to be auctioned, I am concerned about a potential increase in supply of rental units which would drive up vacancy.  However, I've seen very little new construction at all on the South side.  Should I be concerned?  Is there a city program that encourages new-build affordable housing?

@Ibn Abney- Excellent work!

How do you know if the plumbing has to be replaced?  Is that something that's covered by the inspection?

Is it in a flood zone?

I would inquire as to whether any of the tenants have given notice to vacate, as that may be why the owner is selling - large rehab costs.

@Justin Greene- You might consider Gladstone and any areas further north than that. Inventory for BRRRR-ing is pretty thin. I haven't looked there specifically lately.

@Lee Ripma @Jim D. - These are all really good points.  Thanks for the info.